hero






Capital Risk Manager

Bank of America

Bank of America

Paris, France · United States · Remote
Posted on Tuesday, June 25, 2024

Job Description:

Job Title: Capital Risk Manager

Corporate Title: Director

Location: Paris

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team:

Enterprise Capital Risk Management (ECRM) is a department within Enterprise Financial Risk (EFR). This group is responsible for providing an independent assessment of Bank of America’s Capital adequacy and the risk to our capital position(s), as described within BAC’s Risk Framework. The department’s aim is to support Bank of America’s purpose in making financial lives better through responsible growth. This is accomplished by providing an independent perspective on the effective utilization of Bank of America’s Capital resources and ensuring we understand all the risks that could impact our Capital resources. The goal of the department is that a healthy and sustainable Capital profile is maintained through a business-as-usual environment and during times of stress, supporting the Businesses Earnings Plans

Role Description:

This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establish risk management procedures and standards.

Responsibilities:

  • Participate in establishing risk management procedures and standards.
  • Conduct execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB)
  • Liaising with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories.
  • Ensuring adherence to the policies and procedures established by the company.
  • Managing risk requests, breach remediation's and providing risk effective challenges for front line units.
  • Developing risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction.

What we are looking for:

  • Strong analytical skills, including both analysis of financial data and written reports.
  • Demonstrable experience in Markets Risk, Finance, Accounting or Risk Management.
  • Proficiency with PowerPoint and Excel. Writes in a clear, concise, organized, and convincing manner for the intended audience.
  • Strong business-centric mindset with ability to utilize sound business judgment and tailor approach to drive optimal business outcomes.
  • Ability to develop networks and build alliances; collaborates across boundaries to build Capital relationships and achieve common goals. Influencing and negotiating across external stakeholders (regulators) as well as internal groups including LOB Risk teams, Corporate Treasury, GRRP, Audit & Compliance to drive execution.
  • Ability to ensure that we are providing appropriate monitoring and analysis that allow us to support high quality risk insights for BofASE
  • Connection to and execution of responsibilities of the independent risk function for BofASE
  • Ability to Ensure appropriate implementation of all new Market Risk Capital rules for BofASE

Benefits of working at Bank of America:

France

  • Competitive retirement plan in addition to State plans
  • Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
  • Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
  • Life and disability insurance
  • Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
  • Reimbursement of 50% of your commuter pass
  • Nursery scheme for children under age 3
  • Works council benefits
  • Access to an Employee Assistance Programme for confidential support and help for everyday matters
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
  • Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.